Euroset Holding NV, parent company of Euroset Group, has promised to pay dividends in 2012 that range from 45% to 75% of the consolidated net income of the preceding fiscal year, as stated in the preliminary prospectus for the IPO of Euroset Holding.
Russian venture investor Ru-Net II has invested an undisclosed amount in Biglion, one of the numerous Russian Groupon copycats, reported blogger Yakov Sadchikov last week.
According to analysts at Alfa-Bank, Euroset’s are set to grow, on average, by 26.1% annually until 2015, reaching an estimated 197.4 billion rubles (approximately $7 billion). EBITDA should hit 21.9 billion rubles ($776 million) by 2015, and net profit should rise to 15.02 billion rubles ($532 million). Euroset, Russia’s leading mobile retailer, announced last week …
Svyaznoy, Russia’s second leading mobile retailer, may go public in Q2 2012, according to Denis Lyudkovsky, the company’s general manager. The announcement was made at a press conference yesterday. The final decision will depend, among other factors, on the success of the impending IPO of Euroset, the market leader.
Euroset, Russia’s leading mobile and media device retailer, announced yesterday it would proceed with an IPO on the London Stock Exchange. The offering could raise more than $1 billion, putting the desired valuation of the chain at $4 billion, reports Reuters from unnamed sources.
M.Video, a leading Russian specialized retailer, will soon make electronic products and home appliances available for purchase on Facebook and Vkontakte.ru, Russia’s leading social network.
The EBITDA of Euroset, Russia’s leading mobile retailer, reached 8.37 billion rubles (approx. $279 million) in 2010, up 88% from 2009. During the same period, the company’s net profit grew almost fivefold (+385%), to 5.58 billion rubles, while its revenues increased by just 12.2%, reaching 61.91 billion rubles (approx. $2 billion).
Explay, a leading Russian manufacturer of car navigators, announced last week its launch of a navigator that supports the two satellite-based location systems, GPS and GLONASS.
Notebooks and tablet PCs have become more popular than desktop PCs over the past two or three years, Samsung representative Sergei Ilyushin told Kommersant, a Russian business daily. According to him, tablet computers, which entered the mass market only last year, could displace netbooks as early as 2011.
Mobile phone retailer Svyaznoy announced the imminent opening of a department dedicated to Android-supported devices in one of its Moscow outlets. Such departments may appear in other Svyaznoy stores in Moscow and Russian regions as well.
MTS, a leading Russian mobile operator and retailer, announced yesterday it will offer Foursquare check-in points at its 3,200 outlets throughout Russia, beginning in Moscow and St. Petersburg.
According MForum Analytics, Russian sales of touch screen phones increased fourfold in one year, rising from 2.94 million devices sold in 2009 to 11.93 million in 2010. At the end of 2010, touch screen phones accounted for about 30% of all phones sold in Russia, but could reach as much as 50% or more by …
Russian touch screen phone sales quadruple in 2010 Read More
